Fortuna Mining Corp (NYSE:FSM)’s traded shares stood at 2.16 million during the latest session, with the company’s beta value hitting 1.54. At the last check today, the stock’s price was $4.28, to imply a decrease of -2.95% or -$0.13 in intraday trading. The FSM share’s 52-week high remains $6.36, putting it -48.6% down since that peak but still an impressive 38.55% since price per share fell to its 52-week low of $2.63. The company has a valuation of $1.34B, with an average of 8.39 million shares in intraday trading volume over the past 10 days and average of 7.93 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Fortuna Mining Corp (FSM), translating to a mean rating of 2.20. Of 4 analyst(s) looking at the stock, 0 analyst(s) give FSM a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.2.
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Fortuna Mining Corp (NYSE:FSM) trade information
After registering a -2.95% downside in the latest session, Fortuna Mining Corp (FSM) has traded red over the past five days. The 5-day price performance for the stock is -0.93%, and -11.57% over 30 days. With these gigs, the year-to-date price performance is 10.88%. Short interest in Fortuna Mining Corp (NYSE:FSM) saw shorts transact 14.28 million shares and set a 1.98 days time to cover.
The extremes give us $6.5 and $6.5 for target low and target high price respectively. As such, FSM has been trading -51.87% off suggested target high and -51.87% from its likely low.
Fortuna Mining Corp (FSM) estimates and forecasts
Looking at statistics comparing Fortuna Mining Corp share performance against respective industry, we note that the company has outperformed competitors. Fortuna Mining Corp (FSM) shares are -12.47% down over the last 6 months, with its year-to-date growth rate higher than industry average at 118.18% against 8.10%. The rating firms project that company’s revenue will grow 25.84% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 308M.
FSM Dividends
Fortuna Mining Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Fortuna Mining Corp (NYSE:FSM)’s Major holders
Fortuna Mining Corp insiders hold 0.82% of total outstanding shares, with institutional holders owning 65.40% of the shares at 65.94% float percentage. In total, 65.40% institutions holds shares in the company, led by GOTHAM ASSET MANAGEMENT, LLC. As of 2024-06-30, the company held over 0.51 million shares (or 0.1674% of shares), all amounting to roughly $2.51 million.
The next major institution holding the largest number of shares is SILVERCREST ASSET MANAGEMENT GROUP LLC with 22500.0 shares, or about 0.0073% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.11 million.
